Updated from 7:02 a.m. EST
When will it end? While stocks appeared ready to rebound on Tuesday, the downward pressure took hold, sending stocks down yet again in ugly fashion.
In specific stocks, Citigroup (C), which has received $45 billion in bailout cash, revealed a new foreclosure mitigation program that will temporarily lower mortgage payments for some newly laid-off homeowners. The struggling bank plans on lowering payments for three months to an average of $500 a month for some delinquent borrowers.
Meanwhile, it has been reported that General Motors (GM) is going to announce plans to buy Delphi's global steering business as part of a restructuring of both companies. Delphi, GM's largest supplier of auto parts, has been stuck in bankruptcy protection since October 2005.With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com (including Altera (ALTR)) and see what Jim Cramer's had to say about them lately. To read more, visit Stockpickr.com. In morning trading, shares of Altera were recently trading at $16.17 (up almost 7% for the day). Plus, Frank Curzio will be on Stockpickr Answers today to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV